Reliable Reminder Services Is a Small Company That, for a Fee

question 38

Essay

Reliable Reminder Services is a small company that, for a fee, assists its clients in remembering important dates, purchasing and sending greeting cards and providing specialized shopping services for occasions like birthdays and anniversaries.The company's owners want to use an application service provider to develop and host a web page that will help them attract new clients.They completed the following steps to select an ASP:
Choose an ASP from the finalists.Conduct in-house interviews.Contact references provided by finalists.Develop request for proposals from ASPs.Evaluate submitted proposals.Negotiate a contract with the selected ASP.Select top five proposals.Select top three proposals.Send thank you letters to rejected ASPs.Send the original contract to the ASP; retain an electronic copy in the database.Put the steps in order and prepare a systems flowchart of the ASP selection process; assume that all steps occur in the same department.Ensure that your flowchart conforms to the principles discussed in the text.

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Definitions:

Financial Condition

The financial condition of a company refers to its ability to meet its financial obligations, sustain operations, and generate profits, evaluated through its financial statements.

Lending Decisions

Involves assessing the creditworthiness of borrowers and setting terms for loans, critical in banking and finance.

Economic Conditions

The overall state of the financial health of a nation or region as measured by employment rates, GDP, and price levels.

U.S. Commerce Department

A Cabinet department of the United States government concerned with promoting economic growth and prosperity through various policies and programs.